Technical Analysis of Indian Equities by Nooresh

Two Tyre stocks to buy on dips – JK Tyres and Ceat Limited




Ceat Limited --- Headed to 115/130 over the medium term.

Buy in dips to 95-105.

Disclosure: Buy given to clients at 95 and booking some at 110-115 to re-enter on dips. Oulook very positive.




JK Tyres --- Another tyre stock which has seen good accumulation.



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{ 7 comments… add one }
  • Vivek Talwar April 19, 2012, 20:50

    Hi Nooresh,
    Long time you haven’t given your views on Gold. Is it right time to buy or wait for some dips?

    Thanks and Regards,

    • Nooresh April 20, 2012, 13:54

      Hi Vivek,

      Well i would be preferring equities at this point of time. Overall not very bullish on gold but neutral

  • Tarun April 20, 2012, 04:22

    Hi Nooresh,
    You have amazing picks. The JK Tyre was consolidating in 70-85 levels and seems to have broken out. What do you expect long term price for it as the tyre stocks have been down since last 2 years.

    Also I wanted to get your view on EASUN REYROLLE as I have been adding lot of qty since last year. Seems like a good buy, if you follow.

    Thank you so much.

    • Nooresh April 20, 2012, 13:52

      Hi Tarun,

      Yes tyre stocks look interesting.

      Easun reyrolle i dont like the price action though used to follow it before. For now i would wait for some price action to enter. Fundamentally looks interesting

  • Gandhe srinvas April 22, 2012, 11:42


    View on kingfisher Please and wipro

  • Rajul Gala April 23, 2012, 19:24

    Hi, I like your recomendations. In that I like Adity Birla Nuvo. I want to buy again what price I can buy again, can buy for long term also.
    Tell me about Glenmark Pharma also. Can I buy for shory term and long term also. how much downward risk in both stock so I can keep on buying till what price if it goes down.
    Rajul Gala

    • Nooresh April 23, 2012, 20:18

      Aditya Birla Nuvo one should now keep buying at regular intervals instead of waiting for a correct price as technically it has tested its previous resistances of 970-1000. So difficult to say whether it goes to 900-950 first or 1100 first.

      Glenmark would be more with a trading view.


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